Indian stock market erased all morning gains to close in the red amid expiry day-led volatility on Thursday, with Sensex and Nifty slipping around 1% each from their intraday highs amid rising bond yields, FII selling and more.
At close, Sensex was down 135 points at 75,183, and Nifty 50 was down over 4 points to 23,655. This came even as India VIX, which measures volatility in markets, declined over 3% to 17.82 by the end of the session.